Dash (DASH) vs Litecoin (LTC) Comparison

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Dash (DASH) and Litecoin (LTC) are two of the most popular cryptocurrencies in the market. Both of these cryptocurrencies have been around for a while and have a strong following. In this review, we will compare Dash and Litecoin based on various factors.

History and Background

Dash was created in 2014 as a fork of Bitcoin. It was originally known as Darkcoin and was rebranded to Dash in 2015. The main goal of Dash is to provide users with fast and secure transactions through its unique masternode network. The team behind Dash has been actively developing the cryptocurrency and has added several new features over the years, including InstantSend and PrivateSend.
Litecoin was created in 2011 by Charlie Lee, a former Google engineer. It was created as a fork of Bitcoin, with the aim of improving upon Bitcoin's slow transaction speed and high fees. Litecoin has several key differences from Bitcoin, including a faster block time, a different mining algorithm, and a higher supply limit.

Technology and Features

Dash has several unique features that set it apart from other cryptocurrencies. One of its most notable features is its masternode network, which enables instant transactions and also provides governance for the network. Masternodes are nodes on the Dash network that provide additional services, such as InstantSend and PrivateSend. InstantSend allows for near-instant transactions, while PrivateSend enables users to send transactions anonymously.
Litecoin, on the other hand, is very similar to Bitcoin in terms of its technology and features. However, it has a few key differences, such as a faster block time and a different mining algorithm. Litecoin uses the scrypt mining algorithm, which is designed to be resistant to ASIC mining, making it more accessible to individual miners.

Adoption and Usage

Dash has a strong following and is widely used for online transactions, particularly in Venezuela. Dash has a large number of merchants that accept it as payment, and the cryptocurrency can be used to pay for a variety of goods and services, from airline tickets to online gaming.
Litecoin is also widely used and accepted by merchants, although it is not as widely used as Dash. However, Litecoin has been around for longer than Dash, which means it has had more time to gain adoption and build a strong following.

Price Performance

Both Dash and Litecoin have seen significant price increases over the years. Dash saw a major price spike in 2017, when its price reached an all-time high of over $1,500. However, like most cryptocurrencies, it experienced a significant price correction in the following years. As of May 2023, Dash's price is around $400.
Litecoin has also seen significant price increases over the years, although it has not experienced the same level of volatility as Dash. Litecoin reached an all-time high of over $400 in 2017, and as of May 2023, its price is around $200.

Community and Development

Both Dash and Litecoin have active communities and development teams. Dash has a strong community of supporters, with many developers working on various projects to improve the cryptocurrency. The Dash development team has also been actively working on improving the cryptocurrency's features and usability.
Litecoin also has a strong community and development team, with many developers working on improving the cryptocurrency's technology and features. The Litecoin Foundation, a non-profit organization that supports the development of Litecoin, has also been actively working on various projects to improve the cryptocurrency.

Company	Dash (DASH)	Litecoin (LTC)

User rating

	4.8 / 5 4 user reviews	5 / 5 5 user reviews

Cryptogeek rating

	4.2 / 5	3.4 / 5

Trust Score

How it works

	4.32 / 5	3.98 / 5

About

	Dash was launched in 2014 and changed several names before becoming Dash as we know it today. The initial goal of the project was to create a cryptocurrency network which would operate faster and cheaper than Bitcoin and would be capable to maintain more privacy. Holders of large amounts of Dash have different privileges (Instant Send, Private Send, etc). Dash is an open-source project. It has its own blockchain. The currency is supported by many crypto wallets and it has gained significant market capitalization. Another great achievement is its numerous partnerships including cooperations with Western Union, web stores, etc.	Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.

Type

	coin	coin

Founding Date

	2014	2011

Country

	International	International

Languages

	No data	No data

Team

	Public	Public

Protocol

	No data	Public blockchain

Current price (USD)

	28.5293	89.4058

All-time high (USD)

	1642.2200	375.2900

Price change (24h)

	2.92	5.88

Volume (24h)

	7017656.32816	67641520.05800

Hashrate

	6190000	165730

Max Supply

	18900000.00000	84000000.00000

Total supply

	No data	No data

Circulating Supply

	12033974.34905	75222358.23347

Transaction speed / Block time

	30	56

Transaction fee

	No data	No data

Mining profitability

	No data	No data

Algorithm

	X11	Scrypt

Proof type

	PoW/PoS	PoW

Fully premined

	No data	No data

Smart contract address

	No data	No data

Total coins mined

	9600464.64037	65464957.99676

Is trading

	yes	yes

Block reward

	2.884725003193	12.500000000000

Block time

	140	150

Company	Dash (DASH)	Litecoin (LTC)
User rating	User rating 4.8 / 5 4 user reviews	User rating 5 / 5 5 user reviews
Cryptogeek rating	Cryptogeek rating 4.2 / 5	Cryptogeek rating 3.4 / 5
Trust Score How it works	Trust Score 4.32 / 5	Trust Score 3.98 / 5

About	Dash was launched in 2014 and changed several names before becoming Dash as we know it today. The initial goal of the project was to create a cryptocurrency network which would operate faster and cheaper than Bitcoin and would be capable to maintain more privacy. Holders of large amounts of Dash have different privileges (Instant Send, Private Send, etc). Dash is an open-source project. It has its own blockchain. The currency is supported by many crypto wallets and it has gained significant market capitalization. Another great achievement is its numerous partnerships including cooperations with Western Union, web stores, etc.	Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
Type	Type coin	Type coin
Founding Date	Founding Date 2014	Founding Date 2011
Country	Country International	Country International
Languages	Languages No data	Languages No data
Team	Team Public	Team Public
Protocol	Protocol No data	Protocol Public blockchain
Current price (USD)	Current price (USD) 28.5293	Current price (USD) 89.4058
All-time high (USD)	All-time high (USD) 1642.2200	All-time high (USD) 375.2900
Price change (24h)	Price change (24h) 2.92	Price change (24h) 5.88
Volume (24h)	Volume (24h) 7017656.32816	Volume (24h) 67641520.05800
Hashrate	Hashrate 6190000	Hashrate 165730
Max Supply	Max Supply 18900000.00000	Max Supply 84000000.00000
Total supply	Total supply No data	Total supply No data
Circulating Supply	Circulating Supply 12033974.34905	Circulating Supply 75222358.23347
Transaction speed / Block time	Transaction speed / Block time 30	Transaction speed / Block time 56
Transaction fee	Transaction fee No data	Transaction fee No data
Mining profitability	Mining profitability low	Mining profitability low
Algorithm	Algorithm X11	Algorithm Scrypt
Proof type	Proof type PoW/PoS	Proof type PoW
Fully premined	Fully premined No data	Fully premined No data
Smart contract address	Smart contract address No data	Smart contract address No data
Total coins mined	Total coins mined 9600464.64037	Total coins mined 65464957.99676
Is trading	Is trading yes	Is trading yes
Block reward	Block reward 2.884725003193	Block reward 12.500000000000
Block time	Block time 140	Block time 150

Social

Website

	www.dash.org	litecoin.org

Twitter

	@Dashpay	@LitecoinProject

Website	Website www.dash.org	Website litecoin.org
Twitter	Twitter @Dashpay	Twitter @LitecoinProject

Advantages

	Strong security High privacy coin High speed of transactions	Open-source Network Decentralized Transactions Fees

Disadvantages

	Decentralization is questionable	Has some branding issues

Rating

User rating	User rating 4.8 / 5 4 user reviews	User rating 5 / 5 5 user reviews
Cryptogeek rating	Cryptogeek rating 4.2 / 5	Cryptogeek rating 3.4 / 5
Advantages	Advantages Strong security High privacy coin High speed of transactions	Advantages Open-source Network Decentralized Transactions Fees
Disadvantages	Disadvantages Decentralization is questionable	Disadvantages Has some branding issues

Dash (DASH) user rating is 4.8, based on 4 user reviews. Litecoin (LTC) user rating is 5, based on 5 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?

Dash (DASH)

Winner

Trust Score: 4.32 / 5

Compare with:

IoT Chain (ITC), Decred (DCR), SingularDTV (SNGLS)

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Litecoin (LTC)

Trust Score: 3.98 / 5

Compare with:

Oyster Pearl (PRL), Gas (GAS), Kin (KIN)

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Dash (DASH) features

At the moment Dash (DASH) price is 29.5293. Its 24h volume is 7,017,656.32816. 24h price change is 3.92.

Dash (DASH) max supply is 18,900,000.0. The circulating supply is 12,033,974.34905.

Dash (DASH) hash rate is 6190000. Dash (DASH) transaction speed/block time is 30. Block reward is 3.884725003193.

At the moment the number of coins mined is 9,600,465.64037. Mining profitability is low.

Dash (DASH) Cryptogeek user rating is 4.8, based on 4 user reviews.

Litecoin (LTC) features

Litecoin (LTC) price is 89.4058. Its 24h volume is 67,641,520.58. 24h price change is 6.88.

Litecoin (LTC) max supply is 84,000,000.0. The circulating supply is 75,222,358.23347.

Litecoin (LTC) hash rate is 165730. Litecoin (LTC) transaction speed/block time is 56. Block reward is 13.5.

At the moment the number of coins mined is 65,464,958.99676. Mining profitability is low.

Litecoin (LTC) Cryptogeek user rating is 5, based on 5 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.

Beware of hype

Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.

Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).

Lesson: never put all your eggs in one basket.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.